11-08-2022, 05:53 PM
Singapore proposes to raise carbon tax to S$25 per tonne for greenhouse gas emissions
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Singapore proposed on Tuesday (Nov 8) to raise its carbon tax to S$25 per tonne for greenhouse gas emissions in 2024 and 2025, and S$45 per tonne for greenhouse gas emissions in 2026 and beyond.
Our สล็อตxo game camp is a deposit – withdrawal in the form of auto, only for you or the person who enters the service to complete the deposit. In less than 10 seconds
Speaking in Parliament at the second reading of the Carbon Pricing (Amendment) Bill, Minister for Sustainability and the Environment Grace Fu said that the progressive increases will set Singapore on a trajectory to reach between S$50 and S$80 per tonne by 2030.
"We have decided to raise the carbon tax level progressively in phases and with advance notice, to give our businesses time to plan and carry out their low-carbon transition," said Ms Fu in her opening speech.
"We need an effective carbon price to activate carbon mitigation solutions that will help us achieve our net zero ambition. The carbon price provides an effective policy to motivate emitters to take action to reduce their emissions," she added.
Finance Minister Lawrence Wong outlined these moves in his Budget speech earlier this year.
Singapore proposed on Tuesday (Nov 8) to raise its carbon tax to S$25 per tonne for greenhouse gas emissions in 2024 and 2025, and S$45 per tonne for greenhouse gas emissions in 2026 and beyond.
Our สล็อตxo game camp is a deposit – withdrawal in the form of auto, only for you or the person who enters the service to complete the deposit. In less than 10 seconds
Speaking in Parliament at the second reading of the Carbon Pricing (Amendment) Bill, Minister for Sustainability and the Environment Grace Fu said that the progressive increases will set Singapore on a trajectory to reach between S$50 and S$80 per tonne by 2030.
"We have decided to raise the carbon tax level progressively in phases and with advance notice, to give our businesses time to plan and carry out their low-carbon transition," said Ms Fu in her opening speech.
"We need an effective carbon price to activate carbon mitigation solutions that will help us achieve our net zero ambition. The carbon price provides an effective policy to motivate emitters to take action to reduce their emissions," she added.
Finance Minister Lawrence Wong outlined these moves in his Budget speech earlier this year.